Africa’s Economic Growth Rate Predicted To Stall In 2015; Continent Falls Short In Eliminating Extreme Poverty, World Bank Data Show
International Business Times: Sub-Saharan Africa Falls Behind In Fight Against Extreme Poverty: World Bank Report
“Economic development has lifted more than a billion people from extreme poverty in the last 25 years, and the number of citizens living on less than $1.25 per day has declined in every region of the globe except one: sub-Saharan Africa. Data from the World Bank say that developing countries in East Asia, Latin America, and South Asia have seen the number of citizens in extreme poverty — that is, living on less than $1.25 per day — on the decline. But in sub-Saharan Africa, these rates are increasing despite the region’s fast-paced economic development in recent years…” (Caulderwood, 4/14).
Wall Street Journal: Sub-Saharan Africa’s Economic Growth Rate to Stall in 2015
“…Economic output is expected to grow by 4 percent across the region in 2015, the World Bank said in its biannual economy report ‘Africa Pulse,’ significantly below the historic average of 4.4 percent. While that is still well above the global economy average, seen by the World Bank at 2.9 percent for 2015, the decline highlights how vulnerable the world’s second-fastest growing region is, both from trouble at home and abroad…” (Stevis, 4/13).